Silver ended the week higher as investors flocked to the metal as both an inflation hedge and beneficiary of the global economic recovery. Demand for silver coins has been nothing short of spectacular since the first of the year, and it's been going on for longer than that. Holdings in the world's largest such fund, iShares Silver Trust, rose 1.611 million ounces in the week to Feb. 17. Some support may also be coming from silver miners boosting their hedging programs as they expand production and seek insurance against increasingly volatile prices. The Gold Silver ratio is closing at a fresh low of 42.84. The 44.08 low from 2006 had been an initial target. The next major support is seen at 1998 low 39.09. Now support for the silver is seen at 48374 and below could see a test of 48210. Resistance is now likely to be seen at 48651, a move above could see prices testing 48764.

Trading Ideas:

Silver trading range is 48210-48764.

Silver ended the week higher on economic recovery, inflation fears

Holdings at ishares silver trust rose by 80.49 tonnes to 10519.05 tonnes.

Zurich Cantonal Bank's silver ETF reported silver inflows of 296,000 ounces over the same period.

BUY SILVER MAR ABV 48640 SL 48380 TGT 48780-48900-49120.MCX

Silver $ FIX is at : 31.94 & CURRENTLY SILVER $ IS TRADING AT : 32.99 & UP BY 1.13%